Lake Street Capital assumed coverage on shares of Napco Security Technologies (NASDAQ:NSSC) in a research note released on Tuesday, Briefing.com Automated Import reports. The brokerage issued a buy rating and a $35.00 target price on the industrial products company’s stock.

Other equities research analysts also recently issued reports about the company. Zacks Investment Research raised Napco Security Technologies from a hold rating to a buy rating and set a $31.00 price objective for the company in a report on Thursday, May 9th. Canaccord Genuity reissued a buy rating and issued a $32.00 price objective (up from $24.00) on shares of Napco Security Technologies in a report on Tuesday, May 7th. Finally, BidaskClub raised Napco Security Technologies from a hold rating to a buy rating in a report on Wednesday, May 1st. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of $28.33.

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Shares of NSSC opened at $30.84 on Tuesday. The company has a market capitalization of $571.80 million, a P/E ratio of 75.22 and a beta of 0.62. Napco Security Technologies has a 52-week low of $11.51 and a 52-week high of $32.49.

Napco Security Technologies (NASDAQ:NSSC) last announced its quarterly earnings results on Monday, May 6th. The industrial products company reported $0.17 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.06. The firm had revenue of $25.10 million during the quarter, compared to the consensus estimate of $23.54 million. Napco Security Technologies had a return on equity of 17.34% and a net margin of 11.12%. The firm’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.92 earnings per share. Equities analysts anticipate that Napco Security Technologies will post 0.64 EPS for the current fiscal year.

Several hedge funds have recently bought and sold shares of the company. Advantage Investment Management LLC purchased a new position in Napco Security Technologies during the 1st quarter valued at about $47,000. BNP Paribas Arbitrage SA boosted its stake in Napco Security Technologies by 62,175.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,491 shares of the industrial products company’s stock worth $52,000 after purchasing an additional 2,487 shares in the last quarter. Coastal Investment Advisors Inc. purchased a new position in Napco Security Technologies during the 1st quarter worth approximately $63,000. Citigroup Inc. raised its position in Napco Security Technologies by 28.3% during the 1st quarter. Citigroup Inc. now owns 3,165 shares of the industrial products company’s stock worth $66,000 after buying an additional 698 shares during the last quarter. Finally, C M Bidwell & Associates Ltd. purchased a new position in shares of Napco Security Technologies during the 1st quarter valued at approximately $78,000. 39.18% of the stock is owned by institutional investors and hedge funds.